As recession fears calm, a Morgan Stanley managing director explains why we're only in the ‘first inning’ of another leg up for the record-setting stock market

Recession warnings are fading from their summer peaks, and stocks are set for another run-up as investors rush to participate in another rally, Morgan Stanley senior portfolio manager Andrew Slimmon said in an interview. The volatility that previously came from trade war headlines has dulled, and Wall Street"has finally keyed into what's going on," he said. Slimmon pointed to recent years as precedent for how the S&P 500 performs after a negative year.

Recession warnings are fading from their summer peaks, and stocks are set for another run-up as investors rush to participate in another rally, Morgan Stanley senior portfolio manager Andrew Slimmon said in an interview. The volatility that previously came from trade war headlines has dulled, and Wall Street"has finally keyed into what's going on," he said. Slimmon pointed to recent years as precedent for how the S&P 500 performs after a negative year.

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